BunkerTrace, the unique blockchain and DNA- based fuels tracking solution, announced its commercial launch shortly after a successful trial in the Netherlands on Thursday, October 3, which was conducted in partnership with Cooperative Bebeka. Announcing the launch at Aracon, BunkerTrace is now ready to receive requests for commercial partnerships and adoption by bunker suppliers, ports and operators.
The solution, which adds DNA markers to fuel at every stage of the supply chain and records each transaction in a blockchain-based system, has already received significant interest from ports, bunker suppliers and vessel operators.
By combining blockchain and DNA-based tagging, BunkerTrace creates an immutable audit trail, which follows the fuel and any changes made to it. It also records all activities and sign-offs by actors transacting the fuel.
BunkerTrace provides evidence of compliance with IMO 2020 and ensures that at every point in the supply chain, it’s easy for stakeholders to check if the fuel they are moving, loading, buying or selling is the product that it’s meant to be, even if fuel has been blended or mixed.
In the recent trial, a Boskalis-owned dredger, Prins der Nederlanden was bunkered with 900 cubic meters (CBM) of DMA 0.1% sulphur ISO 8217:2010 compliant fuel supplied by Minerva with a unique tracer added.
The crew then successfully detected this mark with an on-board analysis case that took less than one minute, with the result of the test logged in a blockchain- based transaction record.